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Chartered accountants will promote greater transparency in governance , says Oyo-Ita


Head of Service of the Federation, Winifred Oyo-Ita

Head of Service of the Federation, Winifred Oyo-Ita

ICAN floats N50m whistle blowers’ Protection Fund

Head of Service of the Federation (HOS), Mrs. Winifred Oyo-Ita, has assured that governance at all levels will be better managed and result oriented if more qualified accountants are given the responsibility to serve as leaders in both public and private sectors.

Oyo-Ita said the more involved chartered accountants are in governance, the more the society will be corrupt-free, stressing, “ICAN members are better mangers of the economy; they have what it takes to add value. The accountant has a big task especially now that the war against corruption is being intensified by the government.”

She spoke yesterday at the Celebration of 15th Institute of Chartered Accountants of Nigeria (ICAN) Political Ambassadors held in Abuja.

Some 17 ICAN members were honoured by the Institute as political ambassadors from across the country. Among those who made the list were five state governors, one deputy governor, three Senators, five members of the Federal House of Representatives, two ministers and the Head of Service for the Federation.

Chairman, ICAN Inter-governmental relations Committee, Abuja, Ada Chiduime-Okoro, explained that the ICAN Political Ambassador ceremony was carefully planned to coincide with the commencement of this year’s Annual Accountant Conference, which kicks off today, and to draw members’ attention to what God is using ICAN to do for Nigeria.

Earlier in his address, the 52nd President of ICAN, Deaconess Titus Soetan, said that as part of its efforts to fight corruption, the Institute recently created N50 million Whistle-blowers’ Protection Fund, to ensure high moral, financial, ethical and legal standards by members in the discharge of their duties.

He said: “The aim of the Fund is to protect ICAN members and the public from any form of reprisal or victimisation when an alarm is raised on financial impropriety by public or private establishment, individuals or groups within the country.”

He said that the Fund will also assist whistle-blowers with litigation expenses reasonably incurred and to assist members of the Institute in discharging their professional duties without fear of being victimised.

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  • Basil Ogbanufe